the economy off the fiscal cliff. john: really? one says sequestration may be okay. russ roberts comment not a horrible crisis? >> government spending is 3.8 trillion. you will cut 100 billion? that is one deck chair on the titanic. john: it is good across the board. >> if their actual cuts. i would do 20% across-the-board but that scares people because they think let's save the things that are important and cut the things that are not. it is all important. the tax increases sound scarier of 400 billion but we have a $1 trillion deficit. each year we spend $1 trillion more than we take 10. so to raise taxes by 400 billion we have already raised them 1 trillion in the future. it is probably a good idea to say the spending is not a free lunch. john: and they're not talking about get rid of deductions and make it simpler. >> tax reform is great there is good and bad some deductions would be good some others may be not so good but the limitation to take advantage of the fiscal cliff would be good for the economy to simplify the tax code. john: that means eliminating deductions. i cannot see

? john: and more debt with the 5 trillion, we have a chart comparing greece with the riots and the united states is 12 years behind. >> but we are on the fast track. last night people were jubilant and excited but irresponsible to the point* of being dangerous. caretaking on the debt to be grasped their own future. the celebration was very e shortsighted people thnk free stuff is great but it is not free. john: i get to go to schoo three. >> obama has deported more than bush and climate change >> climate changes never addressed. the president never talked about climate change on that stage. clearly it is not an issue so why do people think that matters? >> immigration is an opportunity for progress because hopefully the republicans have got a message was social issues is not working for them. maybe they're ready to talk. john: as big government and as i call government supported government capitalism might call crapitalism. [laughter] they were happy he would give them stuff. [laughter] >> with 3.6 trillion dollar federal government the money go somewhere and will benefit some businesses

. what will we see in four more years? that's our show tonight. >> and now, john stossel. >> i'm ready for the next four years because i've got my crystal ball and i can see what's going to happen. first, over the next few months, pundits will scream about the fiscal cliff, a series of tax increases and budget cuts that amly go int automatically go ino effect january 1st unless congress works out a deal. will they? yes. i can see it here. politicians will meet and hold press conferences and fret and predict disaster and then they'll reach a deal right before the end. it won't solve much. it will just postpone the reckoning, but they'll congratulate themselves and the media will move on to something else. america, however, will continue to ga o broke. am i too cynical? no. it's probably worse than that, says my next guest, congressman ron paul. congressman, predict the future. >> long term the future looks pretty good. a lot of people are waking up and know what we have today isn't workable, but in the short run the people in charge aren't going to admit it. they're not geoing to admit

market, john. >> they don't understand it. you have been in business for 35 years you built it from nothing to 700 employees. it was different 35 years ago. >> absolutely. compared to today it seemed like no regulation. certainly not at the federal level. >> we have state things to deal with now the government will be engaged in our healthcare after 25 years of self insured and efficient we don't need their help. >> i have my own copy of obama care. >> mine is much fresher than yours because i didn't read mine. you have read that and what do companies tell you? >> the employer mandate is one of the most troubling parts with it. this employer mandate has to provide health insurance. not all it has to be the one size fits all government sized plan which will cost about twice as much as what most employers currently offer. >> a lot of companies who have high turnover they have a cheap plan mostly young people they have to get a fancier plan. >> many companies are going to simply stop offering insurance. mckenzie and company found that over a third of employers are already considering n

Excerpts 0 to 9 of about 10 results.